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Financial News: Swiss Retail Sales Growth Strongest Since Mid-2014

Swiss Retail Sales Growth Strongest Since Mid-2014

05/01/2017 - 03:46:00 (RTTNews)

(RTTNews) - Switzerland's retail sales grew for a second straight month in March and at a strongest pace in nearly three years, preliminary data from the Federal Statistical Office showed Monday.

Calendar-adjusted retail sales increased 2.1 percent year-on-year after 0.7 percent growth in February. The pace of growth was the fastest since June 2014, when sales rose 3.2 percent.

On a month-on-month basis, retail sales grew 0.7 percent in March following 0.8 percent gain in the previous month. Sales rose for a third straight month.

Excluding service stations, retail sales grew 2.1 percent year-on-year in March after 0.2 percent gain in February.

Retail sales of food, drinks were 0.8 percent higher and sales in the non-food sector rose 4.1 percent.

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